Edelman Financial Engines

CRD#104510
Investment Advisor Firm

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Overview

Edelman Financial Engines is located at 3945 Freedom Circle, Santa Clara, CA. The firm employs 491 financial advisors to manage client portfolios and provide financial guidance. Edelman Financial Engines is not a registered broker-dealer.

Edelman Financial Engines oversees $270.8 billion in assets under management across 1,561,555 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to 100,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers, and corporations, with other investment advisers being the largest client type by accounts. The fee structure at Edelman Financial Engines includes asset-based, hourly, fixed, and other fees. The firm has 31,824 high net worth clients and maintains affiliations with an accountant or accounting firm and an insurance company or agency.

Edelman Financial Engines is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Assets Under Management

$270.8 billion

Number of Advisors

491

Disclosures

No

Office Location

3945 Freedom Circle
Santa Clara, CA 95054

Edelman Financial Engines by the Numbers

Total Assets Under Management

$270.8 billion

National Average: $8.6 billion
Total Number of Employees

1,578

National Average: 64
Total Number of Accounts

1,561,555

National Average: 375,227
Average Account Size

$173.4 thousand

National Average: $23.0 thousand
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Products and Services

Edelman Financial Engines provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars. In the last financial year, Edelman Financial Engines provided financial planning services to 100500 of its customers. It is involved in selling products or offering services other than investment advice to its clients.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 3% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial advice usually depend on the services provided. Fees charged by Edelman Financial Engines most likely include any combination of the following fee types: asset-based, hourly, fixed, or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 0% of firms

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

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Types of Clients

The firm does business with a broad range of investors. The company provides services to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers, and corporations. Out of its 6 clients, Edelman Financial Engines's largest client type by number of accounts is other investment advisers, but it also manages money for 31824 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

Created with Highcharts 6.0.7
  • High-Net-Worth Individuals* - 6.77%
  • Other Individuals - 93.13%
  • Corporations - 0.1%
  • Charitable Organizations - 0.01%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Edelman Financial Engines does not have any disclosures.

Please visit its Form ADV for more details.

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Created with Highcharts 6.0.7
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Financial Advisors at Edelman Financial Engines

Laurel Hostetler
Columbus, OH
Bryan Keorlet
Columbia, SC
Nicholas Lee
Los Angeles, CA
Robert Fitzpatrick
Phoenix, AZ
Cameron Fyhrie
Spokane Valley, WA
Janet Bellezza
Tafton, PA
Brett Coons
Fort Worth, TX
Kenneth Parow
Clifton Park, NY
Mark Ligeski
Phoenix, AZ

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SmartAsset’s free advisor matching tool makes it easier to find a vetted advisor so you can make an informed decision and choose one that you feel best suits your individual needs. Click here to find your advisor matches today.

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The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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